YJFC(SH:600265)2025-01-24 11:20Financial Performance Expectations - The company expects a net loss attributable to shareholders of the parent company for 2024 to be between -75 million RMB and -55 million RMB, indicating a significant decline compared to the previous year's profit of 6.32 million RMB[5][8]. - The projected net loss after deducting non-recurring gains and losses for 2024 is estimated to be between -153 million RMB and -119 million RMB[5]. Market Challenges - The main reasons for the expected loss include increased competition in the artificial board industry due to a significant rise in supply and a sluggish real estate market affecting sales[9]. Acquisition Performance - The company completed the acquisition of a controlling stake in Tangxian Huiyin Wood Industry Co., Ltd. in February 2023, but the performance of this acquisition is below expectations, leading to potential goodwill impairment[9]. Strategic Initiatives - The company plans to optimize its cost structure, adjust market positioning, and enhance internal management to improve competitiveness[10]. - The company aims to focus on customized products and popular market products to maintain a strong market presence[10]. Financial Reporting Risks - There is a risk that the audited financial data may differ from the preliminary estimates, which could impact the company's reported performance[12]. - If the net profit remains negative for three consecutive years, the company's stock may face additional risk warnings according to the Shanghai Stock Exchange regulations[12].